WAZIRX - WRX/USD - 1H - Technical analysis published on 09/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.236667 USD
My targets
0.210000 USD (-4.55%)
0.200000 USD (-9.09%)
My analysis
The basic trend is bearish on WAZIRX - WRX/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 0.236667 USD. Buyers would then use the next resistance located at 0.260000 USD as an objective. Crossing it would then enable buyers to target 0.280000 USD. If there is a return to below the support located at 0.210000 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 0.200000 USD and 0.190000 USD by extension.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WAZIRX - WRX/USD rating 0.220000 USD. The price has increased by +10.00% since the last closing with the lowest point at 0.200000 USD and the highest point at 0.240000 USD. The deviation from the price is +10.00% for the low point and -8.33% for the high point.0.200000
0.240000
0.220000
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of WAZIRX - WRX/USD indicates that the overall trend is bearish. The signals given by moving averages are at 64.29% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.190000 | 0.200000 | 0.210000 | 0.220000 | 0.260000 | 0.280000 | 0.290000 |
| Change (%) | -13.64% | -9.09% | -4.55% | - | +18.18% | +27.27% | +31.82% |
| Change | -0.030000 | -0.020000 | -0.010000 | - | +0.040000 | +0.060000 | +0.070000 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.103333 | 0.146667 | 0.173333 | 0.216667 | 0.243333 | 0.286667 | 0.313333 |
| Camarilla | 0.180750 | 0.187167 | 0.193583 | 0.200000 | 0.206417 | 0.212833 | 0.219250 |
| Woodie | 0.095000 | 0.142500 | 0.165000 | 0.212500 | 0.235000 | 0.282500 | 0.305000 |
| Fibonacci | 0.146667 | 0.173407 | 0.189927 | 0.216667 | 0.243407 | 0.259927 | 0.286667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.023333 | 0.096667 | 0.163333 | 0.236667 | 0.303333 | 0.376667 | 0.443333 |
| Camarilla | 0.191500 | 0.204333 | 0.217167 | 0.230000 | 0.242833 | 0.255667 | 0.268500 |
| Woodie | 0.020000 | 0.095000 | 0.160000 | 0.235000 | 0.300000 | 0.375000 | 0.440000 |
| Fibonacci | 0.096667 | 0.150147 | 0.183187 | 0.236667 | 0.290147 | 0.323187 | 0.376667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.193333 | -0.036667 | 0.076667 | 0.233333 | 0.346667 | 0.503333 | 0.616667 |
| Camarilla | 0.115750 | 0.140500 | 0.165250 | 0.190000 | 0.214750 | 0.239500 | 0.264250 |
| Woodie | -0.215000 | -0.047500 | 0.055000 | 0.222500 | 0.325000 | 0.492500 | 0.595000 |
| Fibonacci | -0.036667 | 0.066473 | 0.130193 | 0.233333 | 0.336473 | 0.400193 | 0.503333 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.35 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | 4.891323 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.196962 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.224079 | |
| Elder Ray (13): | 0.004156 | |
| Super Trend (3,10): | 0.210829 | |
| Zig ZAG (10): | 0.210000 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 0.202582 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.010000 | |
| Repulse (5,40,3): | 1.6583 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2380 | |
| Courbe Coppock: | 0.19 |
| MA7: | 0.237143 | |
| MA20: | 0.207500 | |
| MA50: | 0.232800 | |
| MA100: | 0.229100 | |
| MAexp7: | 0.199997 | |
| MAexp20: | 0.201169 | |
| MAexp50: | 0.210355 | |
| MAexp100: | 0.219404 | |
| Price / MA7: | -7.23% | |
| Price / MA20: | +6.02% | |
| Price / MA50: | -5.50% | |
| Price / MA100: | -3.97% | |
| Price / MAexp7: | +10.00% | |
| Price / MAexp20: | +9.36% | |
| Price / MAexp50: | +4.59% | |
| Price / MAexp100: | +0.27% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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